Jean-Pierre Clatot | AFP | Getty ImagesThe Paris-based company claims to be the first to have adopted a "carbon adjusted" earnings per share metric.
The Paris-based company claims to be the first to have adopted a "carbon adjusted" earnings per share metric. The move,, was designed to expose the financial cost of carbon emissions on its entire value chain and help investors better understand the firm's environmental impact. The company generated more than 27 million tons of carbon emissions in 2019, up from 26.3 million tons in 2018, but believes greenhouse gas emissions in absolute levels are set to decrease in the coming years. As a result, Danone has said its carbon-adjusted earnings per share is set to increase at a faster rate than its recurring earnings per share.
"Now we are, let's say, quite alone ," he continued. "But we do know that there are other companies, especially the inside the coalition of OP2B, One Planet for Biodiversity, that were very interested by this presentation of EPS."alongside 20 other companies. It is described as an "international cross-sectorial, action-oriented business coalition on biodiversity with a specific focus on agriculture.
The support of 99% of Danone's shareholders allowed for it to turn into a purpose driven company, or a so-called "." The legal status requires Danone to generate profit for its shareholders in such a way that it says will benefit their customers health and the planet.
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